Pakistani finance minister to attend funeral of Aga Khan IV in Lisbon tomorrow

Prince Karim Aga Khan IV attends the 170th Prix de Diane horse racing on June 16, 2019 in Chantilly, northern Paris. (AFP/File)
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Updated 07 February 2025
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Pakistani finance minister to attend funeral of Aga Khan IV in Lisbon tomorrow

  • Prince Karim died on Tuesday after nearly seven decades as the spiritual leader of the global Ismaili Muslim community
  • After a funeral ceremony in Lisbon on Saturday, Aga Khan IV will be laid to rest at a private burial ceremony in Aswan, Egypt 

ISLAMABAD: Finance Minister Muhammad Aurangzeb will represent Pakistan at the funeral tomorrow, Saturday, of the late Prince Karim Al-Hussaini Aga Khan IV who died this week after nearly seven decades as the spiritual leader of the global Ismaili Muslim community, state-owned Pakistan Television reported on Friday.

After a funeral ceremony at the Ismaili Center in the Portuguese capital on Saturday — to be attended by leaders of the community, Portuguese government members and foreign dignitaries — Aga Khan IV will be laid to rest at a private burial ceremony in Aswan, Egypt on Sunday, according to the Ismaili Imamat.

Prince Rahim Al-Hussaini was named the 50th hereditary Imam, or spiritual leader, of Ismaili Muslims on Wednesday after the will of his late father was unsealed, the Aga Khan Development Network (AKDN) said.

“Aurangzeb will represent Pakistan during the last rites of Prince Aga Khan, who passed away at the age of 88,” PTV reported. “He will also participate in the prayer congregation for the departed soul in Lisbon.”

The government of Pakistan has announced a day of national mourning on Saturday for the funeral of Aga Khan IV. The national flag will fly at half-mast throughout the country that day.

Known for his wealth and development work around the world through the Aga Khan Development Network, Prince Karim died in Lisbon, the seat of the Ismaili Imamat. As Aga Khan — derived from Turkish and Persian words to mean commanding chief — he is believed by Ismailis to be a direct descendant of Prophet Muhammad (pbuh) through his cousin and son-in-law, Ali, the first Imam, and his wife Fatima, the prophet’s daughter.

The world’s Ismaili community, a branch of Shiite Islam, comprises around 15 million people who live in Central Asia, the Middle East, South Asia, sub-Saharan Africa, Europe and North America.

Set up in 1967, the AKDN group of international development agencies employs 80,000 people helping to build schools and hospitals and providing electricity for millions of people in the poorest parts of Africa and Asia. 

Aga Khan IV also kept up his family’s long tradition of thoroughbred racing and breeding. His stables and riders, wearing his emerald-green silk livery, enjoyed great successes at the top international derbies.

With inputs from Reuters


Pakistan interior minister urges FIA to intensify crackdown against money launderers

Updated 57 min 40 sec ago
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Pakistan interior minister urges FIA to intensify crackdown against money launderers

  • Pakistan’s Interior Minister Mohsin Naqvi holds high-level meeting at Federal Investigation Agency Karachi Zone 
  • FIA launched nationwide crackdown against illegal currency dealers in August to curb financial corruption, “terrorism”

KARACHI: Pakistan’s Interior Minister Mohsin Naqvi ordered a “comprehensive crackdown” against money launderers and human smugglers, his ministry said on Sunday amid Islamabad’s efforts to curb financial corruption and illegal migration. 

The directives from Naqi came as he visited the Federal Investigation Agency (FIA) Karachi Zone and held a special meeting to review the institution’s performance. 

‎“Interior Minister Mohsin Naqvi ordered a comprehensive crackdown against the money-laundering mafia and directed that major money launderers be dealt with firmly,” the ministry said. 

“He instructed that the entire money trail of those involved in money laundering be exposed.”

Since August 2025, the FIA has been targeting illegal currency dealers, including operators of hundi and hawala, informal money transfer systems that operate outside official banking channels. The government launched the crackdown after concerns over a sharp decline in the value of the rupee, which fell to a 22-month low against the US dollar in August.

While commonly used for remittances, informal money transfer systems are also prone to abuse for money laundering and terror financing.

Naqvi also ordered effective action against agent mafias involved in human smuggling, his ministry said. He said elements who deceive innocent people with false promises of employment abroad do not deserve any leniency. 

The minister said that the shortage of human resources in the FIA Karachi Zone would be addressed on a priority basis.

During the briefing, the minister was told that over the past four months, 20 agents involved in human smuggling have been arrested, and non-custom-paid goods and drugs worth Rs140 million [$500,173] have been seized.

“The interior minister sought performance reports from in-charge officers regarding their respective circles and directed them to work with greater diligence,” the statement said.